Two-Story Freestanding Office
902 NE 1st St, Pompano Beach, FL 33060
For Sale
New
$1,475,860
The property includes 11 offices, private parking, and TO-EOD zoning that identifies office and non-professional services among its uses.
Property Size3,166 SF
Price / SF$466.16
Days on Market1
Property Features for 902 NE 1st St
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Highway Access
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
TOTAL R E CONSULTANTS INC
Listed By:
Joe Pelayo · License FL #3005451
(954) 551-9427
Source:
Elliman
Added: Nov 12
Last Checked: Nov 12 at 2:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TOTAL R E CONSULTANTS INC
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Investment Insights
Based on property information with market context.
Built in 1977, this freestanding office property contains approximately 3,166 square feet across two stories, with 11 offices and private parking. It occupies a corner parcel and is zoned TO-EOD, the Transit Oriented - East Overlay District. Identified uses include office and non-professional services.
The property is near East Atlantic Boulevard and has access to Federal Highway (US 1), restaurants, shopping, and professional services. The surrounding area has an estimated population of 134,736 within a 3-mile radius. The overlay district is intended to encourage urban form, pedestrian access, and mixed-use revitalization between downtown and Atlantic Boulevard.
The property is near East Atlantic Boulevard and has access to Federal Highway (US 1), restaurants, shopping, and professional services. The surrounding area has an estimated population of 134,736 within a 3-mile radius. The overlay district is intended to encourage urban form, pedestrian access, and mixed-use revitalization between downtown and Atlantic Boulevard.
Key Highlights
- Approximately 3,166 square feet in a two‑story office building
- 11 offices and private parking
- Corner parcel near the East Atlantic Boulevard commercial corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,487
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,249,740
$1.2M
Cap Rate 7%
$892,671
$892.7K
Cap Rate 9%
$694,300
$694.3K
Market Conditions
NOI Build-Up for 3,166 SF
Gross rent
$98.0K $30.96/SF
− Vacancy
−$14.7K −$4.64/SF
EGI
$83.3K $26.32/SF
− OpEx
−$20.8K −$6.58/SF
NOI
$62.5K $19.74/SF
Area
Pompano Beach, FL
Vacancy
15.00%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,249,740
Cap Rate 7%
$892,671
Cap Rate 9%
$694,300
Alternative Uses
Best Use
Office B
$892.7K
$781.1K – $1.04M
NOI $62,487 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,432 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,838
Businesses Nearby
Explore this area
Business Placement
Demographics for 33060, FL
35,793
Population
15,653
Households
2.3
Avg Household Size
39
Median Age
25%
College-Educated
82%
High-School Grad
7.0 sq mi
ZIP Area
5,113
Density / Sq Mi
$59,757
Median Household Income
$34,275
Median Earnings
$1,406
Median Rent
$354,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Broward County, FL
Properties on Market for Office buildings in Broward County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The property includes 11 offices, private parking, and TO-EOD zoning that identifies office and non-professional services among its uses.
Where is this office building located?
The property is located at 902 NE 1st St Pompano Beach, FL.
What is the asking price?
The asking price for this property is $1,475,860.
What are key features of this property?
This property features: Approximately 3,166 square feet in a two‑story office building; 11 offices and private parking; Corner parcel near the East Atlantic Boulevard commercial corridor
